WHUT (Howard University Television)
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Jan 24, 2013
01/13
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this marks the annual deficit. the decline in exports was mostly due to the global economic slowdown triggered by the european debt crisis. exports to china also dropped significantly. relations between japan and its largest trading partner have been hurt by a trade dispute in the east china sea. this also has an impact on much of 2012 with the yen remaining at historically high levels. japanese products became less competitive overseas. exports such as televisions, semiconductors and ships all declined. >> translator: an exchange rate of 80 yen to the dollar is too strong for us to continue production in japan. >> reporter: while exports hacked, imports jumped. crude oil and liquefied natural gas or llg, they accounted for one-third of all imports. llg imports were more than 25% from 2011 levels. that's because the gas was needed to fuel the power plants. most nuclear plants in japan are offline for inspection from the march 11 disaster and crisis at fukushima daiichi. the prices also stayed high throughout the ye
this marks the annual deficit. the decline in exports was mostly due to the global economic slowdown triggered by the european debt crisis. exports to china also dropped significantly. relations between japan and its largest trading partner have been hurt by a trade dispute in the east china sea. this also has an impact on much of 2012 with the yen remaining at historically high levels. japanese products became less competitive overseas. exports such as televisions, semiconductors and ships all...
WHUT (Howard University Television)
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85
Feb 8, 2013
02/13
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WHUT
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the trade balance registered a deficit of about $6 billion. exports fell 6.9%. imports were up 0.8% in yen terms over the previous year. the current account surplus for 2012 turned out to be the smallest. the surplus fell 50.8% from the previous year to $50.2 billion. china's total amount of trade soared about 27% jayne from a year earlier. but it's trade with japan posted much smaller growth. china's customs data shows its exports totalled more than $180 billion last month, up 25%. the country imported about $160 billion worth of goods showing an increase of about 29%. the total amount of trade came to about $345 billion surging nearly 27%. officials attribute the jump mainly to a dent in the same month last year, the lunar new year holidays fell in january in 2012. trade with japan grew slightly more than 10%. that suggested bilateral ties soured over a territorial dispute. on the on the other hand japan's trade with southeast asian nations climbed almost 43%. the data showed that china's trade with this high growth region is expanding further. >>> here's anot
the trade balance registered a deficit of about $6 billion. exports fell 6.9%. imports were up 0.8% in yen terms over the previous year. the current account surplus for 2012 turned out to be the smallest. the surplus fell 50.8% from the previous year to $50.2 billion. china's total amount of trade soared about 27% jayne from a year earlier. but it's trade with japan posted much smaller growth. china's customs data shows its exports totalled more than $180 billion last month, up 25%. the country...
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Feb 8, 2013
02/13
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KRCB
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the trade balance registered a deficit of about $6 billion. exports fell 6.9% while imports were up about 0.8% from the previous year in yen terms. as a result, the current account surplus for the entire year of 2012 turned out to be the smallest based on comparable data available since 1985 the surplus fell 50.8% from the previous year to $50.2 billion. >>> and across oceans the president of the european central bank expects the region's weakness to prevail for sometime. policymakers at the bank decided to keep the key interest rate unchanged. it's at record low level to support europe's ailing economy. the members of the central bank decided the rate should be maintained at 0.75% for a seventh month in a row. european central bank president draghi said the decision is essential to support the region's economic activity which remains weak. >> the economic weakness in the euro area is expected to prevail in the early part of 2013. later, in 2013, economic activity should gradually recover, supported by our monetary policy stance. >> draghi sai
the trade balance registered a deficit of about $6 billion. exports fell 6.9% while imports were up about 0.8% from the previous year in yen terms. as a result, the current account surplus for the entire year of 2012 turned out to be the smallest based on comparable data available since 1985 the surplus fell 50.8% from the previous year to $50.2 billion. >>> and across oceans the president of the european central bank expects the region's weakness to prevail for sometime. policymakers...
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Jun 14, 2013
06/13
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KCSMMHZ
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and they also agreed on fiscal policy to have japan's primary balance deficit by fiscal 2015. they aim to create a surplus by 2020 and steadily reduce debts after that. ministers also approved a plan to revise social security costs to aid japan's fiscal consolidation. abe said these fiscal and growth policies outline the path to recovery. he said the real economy is improving in terms of employment, production and consumption. >> translator: it is important to steadily implement these policies without wavering. >> meanwhile, japan's top business leader has called on abe to make good on his promise to carry out the growth strategy and reduce the budget deficit. >> translator: we'd like the government to create an economic environment that will help japanese companies to win global competition. >> he also said he will continue to press the administration to cut corporate taxes and take other pro-business steps. >>> a next generation passenger jet from european aircraft maker airbus has taken off on its first test flight. the passenger air bus a350 left from the airport in the so
and they also agreed on fiscal policy to have japan's primary balance deficit by fiscal 2015. they aim to create a surplus by 2020 and steadily reduce debts after that. ministers also approved a plan to revise social security costs to aid japan's fiscal consolidation. abe said these fiscal and growth policies outline the path to recovery. he said the real economy is improving in terms of employment, production and consumption. >> translator: it is important to steadily implement these...
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Feb 22, 2013
02/13
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imf officials point out that japan's trade deficit is growing and moves by traders to by the yen as a relatively safe currency has paused. these factors led to weaker yen. stronger monetary easing measures are needed. the report was issued at the g20 meeting that took place last weekend in moscow. >>> many participants at a recent trade policy meeting may also have backed japan's economic program, but some concerns aut the falling yen. japan's representatives faced a policy review at the world trade organization in geneva. wto members generally welcomed japan's economic program. they said the policies raised hope japan can recover from the downturn. they also stressed japan should pursue further structural reform, including more trade liberalization. but south korean and chinese representatives expressed concerns over the yen's deappreciation. they said japan could intentionally be driving down the yen for boosting its exports. the japanese delegates explained their monetary easing is aimed at lifting japan out of deflation. the dollar is slightly lower against the yen. th sources say
imf officials point out that japan's trade deficit is growing and moves by traders to by the yen as a relatively safe currency has paused. these factors led to weaker yen. stronger monetary easing measures are needed. the report was issued at the g20 meeting that took place last weekend in moscow. >>> many participants at a recent trade policy meeting may also have backed japan's economic program, but some concerns aut the falling yen. japan's representatives faced a policy review at...
WHUT (Howard University Television)
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107
Jan 17, 2013
01/13
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other hand, the council states the government needs to achieve the primary balance by reducing the deficit to half by the fiscal year of 2015, but the draft did fall short of setting a specific limit on the issuance of government bonds to finance the budget as the previous administration turned democratic party did. it only urges the government to keep bond issues to a minimum. >>> well, executives at struggling chipmaker electronic says they need to slash the workforce further. they are planning a 10% staff cut through a voluntary retirement program. renesas is one of the largest suppliers of microcontroller chips. the managers told the company's labor union they will offer early retirement to about 3,000 employees aged 40 and older. the plan is part of restructuring efforts put in place after the company reached a deal on a rescue package with investors. the deal will allow renesas to receive $2.3 billion from the state-backed fund as well as several business partners. the chipmaker cut early retire, that was back in october. >>> japan's nissan motor will slash domestic prices on its ele
other hand, the council states the government needs to achieve the primary balance by reducing the deficit to half by the fiscal year of 2015, but the draft did fall short of setting a specific limit on the issuance of government bonds to finance the budget as the previous administration turned democratic party did. it only urges the government to keep bond issues to a minimum. >>> well, executives at struggling chipmaker electronic says they need to slash the workforce further. they...
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Feb 6, 2013
02/13
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KCSM
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the previous year's primary balance was in a deficit by about $4.7 billion. the surplus in the primary balance is a key milestone in greece's efforts to restore its fiscal health. but the greek public is largely unhappy with the government's measures. major labor unions across the country are calling for a general strike later this month. >>> u.s. justice department officials have demanded $5 billion in damages from standard & poor's. they say the credit rating agency caused losses to investors by giving high scores to mortgage-backed securities. department officials said they filed the civil lawsuit against the credit rating agency. they claim the s&p knew the housing market was at risk in 2007. they say they inflated their ratings of loans and other financial products to avoid losing clients. >> s&p misled investors, including many federally insured financial institutions, causing them to lose billions of dollars. this alleged conduct is egregious. and it goes to the very heart of the recent financial crisis. >> the officials said investors trusted s&p rati
the previous year's primary balance was in a deficit by about $4.7 billion. the surplus in the primary balance is a key milestone in greece's efforts to restore its fiscal health. but the greek public is largely unhappy with the government's measures. major labor unions across the country are calling for a general strike later this month. >>> u.s. justice department officials have demanded $5 billion in damages from standard & poor's. they say the credit rating agency caused losses...
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Mar 13, 2013
03/13
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he said surging imports of lng have played a big role in driving up japan's trade deficit. the japanese have relied on imported fuel since the fukushima nuclear disaster two years ago. japanese officials will focus on price when deciding whether to import russian gas. russian officials are concerned about an oversupply of natural gas in the future. they face rising competition now from shale gas producers in the united states. >>> tokyo gas has unveiled what will be the world's largest underground storage tank for the natural gas. the facility is expected to be completed in july. construction of the storage tank began four years ago. in yokohama near tokyo. the facility hopes to start using it in november.in yokoham. the facility hopes to start using it in november. the lng tank can store up to 250 kilo liters. enough to meet the annual average needs of about 360,000 households. to prevent gas leaks, the tank interior is fully covered with two millimeter thick stainless steel plates. the utility expects lng demand to rise further because it emits less carbon dioxide compare
he said surging imports of lng have played a big role in driving up japan's trade deficit. the japanese have relied on imported fuel since the fukushima nuclear disaster two years ago. japanese officials will focus on price when deciding whether to import russian gas. russian officials are concerned about an oversupply of natural gas in the future. they face rising competition now from shale gas producers in the united states. >>> tokyo gas has unveiled what will be the world's largest...
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Jan 17, 2013
01/13
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KCSMMHZ
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other hand, the council states the government needs to achieve the primary balance by reducing the deficit to half by fiscal 2015. but the draft fell short of setting a specific limit on the issuance of japanese government bonds to finance the budget, as the previous administration of the democratic party did. it only urges the government to keep bond issues to a minimum. >>> executives at struggling chipmaker renesas electronics say they need to slash their workforce even further. they're planning a 10% staff cut through a voluntary retirement program. renesas is one of the world's largest suppliers of microcontroller chips. managers told the company's labor union that they'll offer early retirement to about 3,000 employees aged 40 and older. the plan is part of restructuring efforts put in place after the company reached a deal on a rescue package with investors. the deal will allow renesas to receive about $2.3 billion from a state-backed fund and several business partners. the chipmaker cut 7,400 jobs through an early retirement program in october. >>> japan's nissan motor will slash d
other hand, the council states the government needs to achieve the primary balance by reducing the deficit to half by fiscal 2015. but the draft fell short of setting a specific limit on the issuance of japanese government bonds to finance the budget, as the previous administration of the democratic party did. it only urges the government to keep bond issues to a minimum. >>> executives at struggling chipmaker renesas electronics say they need to slash their workforce even further....